Multi-manager funds boost group sales in Q1

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Multi-manager funds proved popular among investors in the first quarter of 2011, with groups including Jupiter and Henderson all seeing a rise in sales thanks to their funds of funds, according to the latest Pridham report.

Overall, the report found investors turned more cautious throughout the period and groups such as M&G and BlackRock reported higher redemptions and falls in net retail sales. The report said multi-manager...

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